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Dec 6, 2013
12/13
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i signed it into law. we'll put the best foot forward in court and we'll win the day. >> now, election's coming up. many think that this compromise, the fact it was bipartisan, is going to give you an edge for a second term. with our final 40 seconds here, can you give us an idea of some of the issues you're going to be underscoring as you make a run for a second term? >> you need governors that take on hard issues like pension reform, and like making sure we have marriage equality in our state. i signed that law a couple of weeks ago. that's what governors should do. i don't worry about politics. i worry about policy. i inherited terrible problems from rob blagojevich. we cleaned up the ethics, and we reformed the pension system which needed fundamental reform. >> now, with regard to chicago, which you can't speak for directly, obviously -- >> i live in chicago. >> no, i understand that. it seems like rahm emanuel is going to have issues regarding property taxes and raising property taxes, because they ha
i signed it into law. we'll put the best foot forward in court and we'll win the day. >> now, election's coming up. many think that this compromise, the fact it was bipartisan, is going to give you an edge for a second term. with our final 40 seconds here, can you give us an idea of some of the issues you're going to be underscoring as you make a run for a second term? >> you need governors that take on hard issues like pension reform, and like making sure we have marriage equality...
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Dec 3, 2013
12/13
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the judge said nothing in federal law distinguishes pension debt from other debt. the unions have challenged the bankruptcy under a number of different grounds, one of them that there's a provision in the michigan constitution that prevents impairment of pension obligations, but the judge says that there's no difference under federal bankruptcy law between pension debt and any other debt. he also has said that chapter 9 of the bankruptcy code, which the unions had challenged outright is constitution an under the federal constitution. the one issue that seems to be remaining, did the city and the state-appointed emergency manager negotiate in good faith with the unions before the july 18th bankruptcy filing. he has yet to rule on that. that, though, could be the final nail in the coffin for the unions, who are trying to prevent this. but regardless, judge rhodes has pretty much acknowledged that whatever he rules is bound to be appealed. >> with the pension of the 23,000 retirees at stake. >> while analysts try to predict whether the years will be hot or cold for in
the judge said nothing in federal law distinguishes pension debt from other debt. the unions have challenged the bankruptcy under a number of different grounds, one of them that there's a provision in the michigan constitution that prevents impairment of pension obligations, but the judge says that there's no difference under federal bankruptcy law between pension debt and any other debt. he also has said that chapter 9 of the bankruptcy code, which the unions had challenged outright is...
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Dec 4, 2013
12/13
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your thoughts on how this may change other cities or the legalities of the rule of law. >> well, the detroit decision obviously was sad for the people who came to depend on pose those pensions but it's good for democracy. you can't have in a city or town, cronies getting together and awarding themselves fat pensions they don't pay for and having the liability then become the liability of people who were not even party to the bargain. in this case, if the judge had upheld the pensions, ultimately they probably would have become the liability of people all across michigan who had nothing to do with setting these liabilities in the first place. so the decision does tell cities that you have to be responsible when setting pension promises and if you aren't responsible, you can look forward to something like this where you have to default. >> now let's look in the rear view mirror. what are your opinions on how detroit ended up in bankruptcy? >> well, detroit is a remarkable story of urban decline. it's lost three-quarters of its population. it's a big empty place. i don't think that was
your thoughts on how this may change other cities or the legalities of the rule of law. >> well, the detroit decision obviously was sad for the people who came to depend on pose those pensions but it's good for democracy. you can't have in a city or town, cronies getting together and awarding themselves fat pensions they don't pay for and having the liability then become the liability of people who were not even party to the bargain. in this case, if the judge had upheld the pensions,...
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Dec 9, 2013
12/13
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we've got our eye on top tech companies, teaming up in hopes the government will reform practices and laws regulating surveillance of individuals. it comes on the heels of leaked documents that show surveillance of users through online games datinging back to 2008. this has been going on for five year? >> yeah. one of the interesting things about this call for surveillance reform is who's not signed on. no apple, no amazon on other big names in the digital economy on here. so that's interesting. but also here, over the months there's been a shift in attention. everybody was concerned about china, right, google versus china, microsoft had issues. but there's this broader conversation. file like they don't want to point their fingers directly at u.s. government because that's uncouth but people in silicon valley ticked off about the nsa surveillance, what's happening as far as tapping data at the source. i mean the methods that have been used to get this information, they're unhappy about it, looking for change. >> the defense, though, during the beginning of the nsa surveillance leak back i
we've got our eye on top tech companies, teaming up in hopes the government will reform practices and laws regulating surveillance of individuals. it comes on the heels of leaked documents that show surveillance of users through online games datinging back to 2008. this has been going on for five year? >> yeah. one of the interesting things about this call for surveillance reform is who's not signed on. no apple, no amazon on other big names in the digital economy on here. so that's...
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Dec 5, 2013
12/13
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three kids under one roof and the same with in-laws. i don't know if you ever stayed with in-laws or with mom and dad, right. >> that's been argument for a whi while. if you can, you will get out. although i don't know, we'll see the latest gdp number revised, showed it came down a little bit from construction, i believe. >> i know. and there's people in the near fix. the number is good. under 300. there's a boom happening in some parts of the country. most people okayed in texas. you start to see a pattern. this oil and gas revolution that we're talking about every day, it's starting to appear in the numbers. >> which has not happened so far. a big nice people in "the washington post" about why oil and gas has not been a big jobs driver. >> not yet, but mohawk just announced expansion of plants in dalton. i mentioned that only because you're starting to see jobs being created in the southeast. some people in texas would say, jim, look at the map. but what i see is that it's beginning. this is the largest construction project for our co
three kids under one roof and the same with in-laws. i don't know if you ever stayed with in-laws or with mom and dad, right. >> that's been argument for a whi while. if you can, you will get out. although i don't know, we'll see the latest gdp number revised, showed it came down a little bit from construction, i believe. >> i know. and there's people in the near fix. the number is good. under 300. there's a boom happening in some parts of the country. most people okayed in texas....
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Dec 10, 2013
12/13
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but remember, rogues have always been in the business and no law is going to keep a rogue -- articles are all like this is the end of banking. i want to buy every bank stop, first because of the yield curve and second because of the volcker rule. no one wants to write a story saying the banks welcome the volcker rule because maybe legal costs will be high. but morgan stanley embraces things hook, line and sinker and that's why it's the best acting bank stock. morgan stanley understood the volcker rule, embraced it and -- >> you are praying to the church of -- holy cow! >> hey, i am about -- sorry about your son's fantasy league. i'm still in. >> he woke up very upset. >> beyond fantasy what i care about is the fact that the volcker rule is something journalists like to write about but any company that embraced the volcker rule two years ago, stocks are dramatically higher. ones that haven't, their stocks have treaded water. there, i rest my case! prosecution rests! >> all rise. when we come back this morning, in the new year there will be a new ceo at lululemon and the company's chair
but remember, rogues have always been in the business and no law is going to keep a rogue -- articles are all like this is the end of banking. i want to buy every bank stop, first because of the yield curve and second because of the volcker rule. no one wants to write a story saying the banks welcome the volcker rule because maybe legal costs will be high. but morgan stanley embraces things hook, line and sinker and that's why it's the best acting bank stock. morgan stanley understood the...